Ship-to-Shore Cranes Market (Updated Version Available)

Ship-to-Shore Cranes Market Size, Share & Trends Analysis, By Product Type (High Profile Cranes and Low Profile Cranes), Power Supply (Diesel, Electric, Hydroelectric, Nuclear, and Hybrid), Lifting Capacity (Panamax STS Cranes, Post Panamax STS Cranes, Super-Post Panamax STS Cranes, Megamax, and Widespan Stacking Cranes), Outreach (Up to 38m, 38m to 45m, 45m to 53m, and Greater than 53m), By Region, Forecast Period 2023 - 2030

Report ID : RI_673659 | Date : April 2023 | Format : ms word ms Excel PPT PDF

This Report Includes The Most Up-To-Date Market Figures, Statistics & Data
Key Market Overview:

Ship-to-Shore Cranes are estimated to reach over USD 3.19 Billion by 2030 from a value of USD 2.09 Billion in 2022, growing at a CAGR of 5.42% from 2023 to 2030.

Ship-to-shore cranes, also known as container cranes, are large cranes that are used to load and unload containers from container ships at ports. The cranes are mounted on rails on a quay or pier and move horizontally along the quay to reach different positions and load containers onto ships for export. Additionally, ship-to-shore cranes handle containers of various sizes and weights and are capable of lifting and moving multiple containers at once using specialized lifting equipment.

The increase in transportation, particularly containerized cargo, is a key driver to the growth of the ship-to-shore cranes market. The use of containerization has revolutionized the shipping industry, enabling large quantities of goods to be transported quickly and efficiently across the globe. Additionally, globalization has led to increased trade and the rise of mega-ships that carry thousands of containers at once. Furthermore, ship-to-shore cranes are an essential component in the logistics chain of larger vessels, as the vessels require ports to handle a greater number of containers per ship call. For instance, in January 2023, the Port of Virginia completed a deal to purchase five new ship-to-shore cranes as part of its strategy to enhance marine transportation. The new cranes will help to increase the ports capacity to handle larger vessels and more containerized cargo, featuring the latest equipment to improve efficiency and productivity.

Ship-to-Shore Cranes Report Coverage:

Report AttributesReport Details
Study Timeline2017-2030
Market Size in 2030 (USD Billion)USD 3.19 Billion
CAGR (2023-2030)5.42 %
Base Year2022
By Product TypeHigh Profile Cranes and Low Profile Cranes
By Power SupplyDiesel, Electric, Hydroelectric, Nuclear, and Hybrid
By Lifting CapacityPanamax STS Cranes, Post Panamax STS Cranes, Super-Post Panamax STS Cranes, Megamax, and Widespan Stacking Cranes
By OutreachUp to 38m, 38m to 45m, 45m to 53m, and Greater than 53m
By Geography
  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]

  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey]

  • North America [United States, Canada, Mexico]

  • Middle East & Africa [GCC, North Africa, South Africa]

  • South America [Brazil, Argentina, Columbia, Chile, Peru]
Key PlayersLiebherr Container Cranes Ltd., Shanghai Zhenhua Heavy Industries Co., Konecranes, Bridon-Bekaert Ropes Group, Cargotec Oyj, Dana Incorporated, Liebherr-International AG, Sany Heavy Industry Co. Ltd., Terex Corporation, Wison Group


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Market Dynamics:

Driver:

The advancements in technology such as automation and remote-control systems are driving the growth of the ship-to-shore cranes market. The widespread adoption of automation technology in the shipping industry and ship-to-shore cranes is fueling market growth. Additionally, automated cranes use sensors, cameras, and other technology to accurately and efficiently handle containers, improving throughput and reducing the risk of accidents. Moreover, numerous ship-to-shore cranes are equipped with remote control systems, enabling operators to manage and control the crane operations from a suitable distance. The implementation of remote-control systems offers several key benefits such as improving safety and also helps to reduce fatigue and increase productivity. Furthermore, most ship-to-shore cranes are equipped with power-saving technology, such as regenerative braking systems and hybrid power sources, to reduce energy consumption and emissions, driving market growth. For instance, in January 2023, Eurogate Container Terminals Wilhelmshaven placed an order with Liebherr Container Cranes Ltd. for two dual trolley ship-to-shore container cranes. The cranes are state-of-the-art and features the latest technology to improve efficiency, safety, and environmental performance. Therefore, the dual trolley cranes have the ability to handle large vessels and reduce the handling time.

Restraint:

Crane skew and alignment issues serve as major restraints for the market growth of ship-to-shore cranes. Skew occurs when the cranes trolley is not aligned with the center of the ship, causing the load to shift during handling whereas alignment issues occur when the crane is not properly aligned with the berth, leading to instability and potential accidents. Crane skew and alignment issues lead to reduced efficiency, longer handling times, and potential damage to containers and cargo along with increasing the risk of accidents and injuries to personnel. Moreover, damage or degradation to the wire rope is also a significant restraint for the market growth of ship-to-shore cranes. The wire rope is a critical component of the crane and is used to lift and move containers and cargo. Damage to the wire rope occurs due to several factors, including wear and tear, corrosion, and overloading. Over time, the wire rope becomes weak and more prone to failure, increasing the risk of accidents and injuries to individuals and hindering market growth.

Opportunities:

Electrification is projected to create significant future opportunities for ship-to-shore cranes by offering numerous benefits to improve the sustainability and efficiency of port operations. Electrification facilitates reduction in emissions, by switching from diesel-powered cranes to electric cranes that are expected to significantly reduce the carbon footprint and improve air quality. Additionally, electrification is predicted to reduce operating costs as electric cranes are more energy-efficient than diesel-powered cranes that results in fuel savings and maintenance costs of the equipment.

Ship-to-Shore Cranes Competitive Landscape:

The ship-to-shore cranes market has a highly competitive landscape with several established players as well as new entrants competing for market share. The companies compete on the basis of product quality, technology innovation, and pricing strategies. Companies also focus on strategic partnerships and collaborations to enhance their market position and expand their customer base. Some of the key players in the Ship-to-Shore Cranes competitive landscape are:

• Liebherr Container Cranes Ltd.
• Shanghai Zhenhua Heavy Industries Co.
• Konecranes
• Bridon-Bekaert Ropes Group
• Cargotec Oyj
• Dana Incorporated
• Liebherr-International AG
• Sany Heavy Industry Co. Ltd.
• Terex Corporation
• Wison Group

Recent Developments:

• In May 2022, the Port of Kapellskär offered an onshore power supply (OPS) to reduce greenhouse gas emissions and improve air quality in the surrounding area. Onshore power supply (OPS) is an environmentally friendly alternative to traditional diesel generators used by ships when they are in port and works by allowing ships to connect to the local power grid. This helps to reduce the amount of diesel exhaust that is released into the air, which has significant environmental and health benefits.

• In December 2022, South Pacific International Container Terminal (SPICT) received two new STS cranes at the Port of Lae in Papua New Guinea which is a significant development for the port and the shipping industry. The new STS cranes will increase the ports container handling capacity to handle more cargo and larger vessels and attract more shipping lines to the port and boost trade in the region.

Ship-to-Shore Cranes Market Segmentation:

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By Product Type

The product type segment is bifurcated into high-profile cranes and low-profile cranes. High-profile cranes dominate the market for ship-to-shore cranes as high-profile cranes provide the necessary reach and height to handle larger ships. Additionally, high-profile cranes have a greater lifting capacity to handle larger container ships and operate more efficiently than low-profile cranes. High-profile cranes quickly load and unload containers from both the ship and the terminal, resulting in shorter turnaround times for vessels, reducing port congestion, and improving productivity. Therefore, the aforementioned factors such as high lifting capacity and shorter turnaround times potentially contributes to drive the growth of high-profile cranes segment. Low-profile cranes, also known as short-profile cranes are expected to witness the fastest CAGR during the forecast period. Low-profile cranes are ideal for smaller ports or terminals that have limited space and are more maneuverable in tight spaces. Additionally, low-profile cranes are used in ports or terminals with shallow berths or water depths and are positioned closer to the waters edge hence, becoming more suitable for shallower water depths. For instance, in November 2020, Floridas Port Everglades received the worlds largest low-profile ship-to-shore (STS) cranes, which were built by Shanghai Zhenhua Heavy Industries Co. (ZPMC). The low-profile design of the cranes allows the cranes to operate in areas with height restrictions, such as bridges, power lines, or other structures, and are more energy-efficient than traditional high-profile STS cranes.

By Power Supply

The power supply segment is classified into diesel, electric, hydroelectric, nuclear, and hybrid. Diesel power supply dominates the ship-to-shore cranes market as diesel engines are capable of producing high levels of power, required to operate the heavy machinery of ship-to-shore cranes. Therefore, the power output of diesel engines is well-suited for handling heavy loads and operating in challenging conditions. Moreover, diesel engines are known for the durability and reliability, are less prone to breakdowns, and require less maintenance than gasoline engines hence, contributes significantly in driving the growth of power supply. The electric power supply is expected to register the fastest Compound Annual Growth Rate (CAGR) in the ship-to-shore crane market during the forecast period. Electric power is considered to be a more environmentally friendly option compared to diesel power and helps to reduce air pollution and carbon footprint. Furthermore, electric motors are more energy-efficient than diesel engines that helps to reduce operating costs for port operators. Also, electric motors produce less noise and vibration which improves working conditions for crane operators and drives the growth of electric ship-to-shore cranes during the forecast period. For instance, in January 2021, the delivery of two electrical cranes to the Chabahar port in Iran India is a positive development for both countries. The use of electrical cranes at the port will provide many benefits, including improved efficiency and reduced emissions, and will help to reduce the carbon footprint of the port. The reduced emissions thus, helps in improving air quality in the surrounding areas and is expected to drive the growth of electric ship-to-shore cranes market.

By Lifting Capacity

Based on lifting capacity, the market is classified into Panamax STS Cranes, Post Panamax STS Cranes, Super-Post Panamax STS Cranes, Megamax, and Widespan Stacking Cranes. Panamax STS Cranes dominates the market owing to the high lifting capacity of around 50-60 tons and service vessels with up to 4,500 TEU capacity. Additionally, Panamax STS Cranes are less expensive than larger cranes such as Post Panamax and Super-Post Panamax STS Cranes, becoming more accessible to smaller ports and terminals. Hence, the aforementioned factors such as high-lifting capacity and low cost contributes to drive the growth of Paramax STS cranes. Super Post Panamax STS cranes are expected to register the fastest Compound Annual Growth Rate (CAGR) in the market owing to the rising trend towards larger container vessels that demand larger cranes to handle the vessels. Moreover, Super Post Panamax STS cranes have a lifting capacity of around 90-100 tons and the ability to service vessels up to 22,000 TEU capacity that is well-suited for large container vessels. Additionally, super Post Panamax STS cranes are more efficient than smaller cranes and handle more containers per hour, which improve terminal throughput and reduce vessel turnaround times. For instance, in September 2022, Manzanillo International Terminal - Panama (MIT) acquired two new super post-panamax cranes to strengthen the terminals offering and improve efficiency and productivity. By acquiring the new cranes, MIT will be able to improve the handling capacity and cranes will support the growth of the terminal. Therefore, the acquisition of the cranes will enable the handling of larger vessels and cargo at MIT ports in the future.

By Outreach

The outreach segment is classified into up to 38m, 38m to 45m, 45m to 53m, and greater than 53m. An outreach greater than 53m dominates the market and is expected to witness the fastest CAGR during the forecast period. The trend towards larger container vessels results in an increased demand for cranes with high outreach capabilities. Additionally, high outreach cranes handle larger vessels and reach across a greater number of containers on board, allowing for more efficient container handling and reducing vessel turnaround times. Moreover, high-outreach cranes are more flexible and versatile than lower-outreach cranes and handle containers that are stacked higher, allowing for greater flexibility in container loading and unloading operations. For instance, in September 2021, SEA-invest ordered two ship-to-shore container cranes with an outreach of 60m for the Antwerp Container Terminal. The new cranes with a 60m outreach will improve the efficiency of the Antwerp Container Terminal and handle larger vessels, reducing vessel turnaround times and increasing terminal throughput.

By Region:

North America dominates the market and has the busiest ports in the world, including the ports of Los Angeles, Long Beach, New York, and Savannah. The ports handle a significant amount of container traffic, requiring a large number of ship-to-shore cranes to handle the containers efficiently. Additionally, the shipping industry in North America is moving towards automation to improve efficiency and reduce labor costs. Ship-to-shore cranes are a key component of the automation trend, which increases the demand for cranes in North America. For instance, in February 2022, Georgia Ports Authoritys Port of Savannah installed three new Konecranes Neo-Panamax STS container cranes. The Konecranes Neo-Panamax STS container cranes are designed to handle containers more efficiently and to handle more containers per hour than older cranes. The increased productivity will help to reduce operational costs and improve the profitability of the port.

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Asia-Pacific is anticipated to witness the fastest CAGR as Asia-Pacific countries are experiencing significant growth in trade and shipping activity, leading to an increased demand for ship-to-shore cranes. Additionally, with the rise in e-commerce in Asia, a significant increase in container traffic in the region is observed that raises the demand for ship-to-shore cranes to handle the increasing volume of containers. Moreover, the growing container traffic in the Asia Pacific has stimulated governments in the region to invest in port expansion which is expected to foster the installation of ship-to-shore cranes hence, driving the growth of the market.
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